UAE – Stocks and bonds: 60% of ins. inv.
Monday, 05 14 2018, Category: Insurance and Reinsurance, Country: U.A.E
Stocks and bonds represent 60.5% of insurance investments i.e. AED 27.7 billion out of the total investments of companies, which reached AED 45.9 billion according to the figures of the “Insurance Authority”. Moreover, deposits reached 20.7% i.e. AED 9.5 billion. Real estate reached 11.4% i.e. AED 5.2 billion. The cash reached AED 3.2 billion i.e. 7.1% of investments followed by loans with 0.3% or AED 132 million. The national companies had the largest share: AED 26.1 billion, which represents 57% of total investments whereas foreign companies had investments of AED 19.7 billion.
Source: Al Khaleej.ae